Page:United States Statutes at Large Volume 107 Part 3.djvu/462

 107 STAT. 2400 PUBLIC LAW 103-204—DEC. 17, 1993 section 103 of the Stewart B. McKinney Homeless Assistance Act) or homeless families.". (b) FDIC. —Section 11 of the Federal Deposit Insurance Act (12 U.S.C. 1821) is amended by adding after subsection (u) (as added by section 15(b) of this Act) the followii^ new subsection: "(v) PREFERENCE FOR SALES FOR HOMELESS ^U^IUES.—Subject to subsection (u), in selling any real property (other than eligible residential property and eligible condominium property, as such terms are defined in section 4(Kp)) to which the Corporation acquires title, the Corporation shall give preference among offers to purchase the property that will result in the same net present value proceeds, to any offer that would provide for the property to be used, during the remaining useful life of the property, to provide housing or shelter for homeless persons (as such term is defined in section 103 of the Stewart B. McKinney Homeless Assistance Act) or homeless families.". SEC. 17. PREFERENCES FOR SALES OF COMMERCIAL PROPERTIES TO PUBLIC AGENCIES AND NONPROFIT ORGANIZATIONS FOR USE IN CARRYING OUT PROGRAMS FOR AFFORD- ABLEHOUSma (a) RTC. — Section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)) is amended by adding after paragraph (16) (as added by section 16(a) of this Act) the following new paragraph: "(17) PREFERENCES FOR SALES OF CERTAIN COMMERCIAL REAL PROPERTIES. — "(A) AUTHORITY.—In selling any eligible commercial resil properties of the Corporation, the Corporation shall give preference, among oners to purchase the property that will result in the same net present value proceeds, to any offer— "(i) that is made by a public agency or nonprofit organization; and "(ii) under which the purchaser agrees that the property shall be used, during the remaining useful life of the property, for offices and administrative purposes of the purchaser to carry out a program to acquire residential properties to provide (I) homeownership and rental housing opportunities for very-low-, low-, and moderate-income families, or (II) housing or shelter for homeless persons (as such term is defined in section 103 of the Stewart B. McKinney Homeless Assistance Act) or homeless families. "(B) DEFINITIONS.— For purposes of this paragraph, the following definitions shall apply: term 'eligible commercial real property* means any property (I) to which the Corporation acquires title, and (II) that the Corporation, m the discretion of the Corporation, determines is suitable for use for the location of offices or other administrative functions involved with carrying out a program referred to in subparagraph (A)(ii). "(ii) NONPROFIT ORGANIZATION AND PUBLIC AGENCY. — The terms 'nonprofit organization' and 'public agency* have the same meanings as in subsection (c)(S).".
 * (i) ELIGIBLE COMMERCIAL REAL PROPERTY. — The

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